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Sep 19, 2012
09/12
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this redistribution talk that's in this old video of president obama. i mean really when you take away the politics, you know, socialism, all these buzz words that people attach to it, what he's really talking about i'm sure back then but more importantly more recently, higher taxes he wants higher taxes to the wealthy either to redistribute what he would say is fairness or he might argue to close or fight the deficit. you have a different argument many terms of the e -- in terms of the effect of higher taxes on the economy. >> yeah, we know that when you raise taxes, you reduce the incentives to work, to invest, and to save. i mean, all of that is true. but really what's interesting about this, connell, is that it's the spending that drives the taxes. today, let's take away defense. take out the wars. take out all -- every dollar we spend on defense. non-defense government spending is at an all time record high. we have never in the history of the united states redistributed more income than we have today. connell: let me stop you for one second -- >>
this redistribution talk that's in this old video of president obama. i mean really when you take away the politics, you know, socialism, all these buzz words that people attach to it, what he's really talking about i'm sure back then but more importantly more recently, higher taxes he wants higher taxes to the wealthy either to redistribute what he would say is fairness or he might argue to close or fight the deficit. you have a different argument many terms of the e -- in terms of the effect...
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mitt romney or obama? which one wins? >> i am going with obama but just by a hair but it is changing. dennis: thanks for being with us. cheryl: the president's speech blew up on twitter. 53,000 tweets in one minute. twitter tells us that is a record for a political event but that is not all. that democratic convention overall in its final day as the republicans did over the course of three days. stuart: dennis: simple your demographics. if you look at the ratings the democrats have twice the percentage of 18-34-year-old viewers. cheryl: they love their twitter. i love apple tv. no i don't. i like my mac. dennis: you have been waiting for that one. the next big thing could impact be the radio. cheryl: charles payne feeling pretty good about his pick on the show of the supplier. he will come on the set and take a victory lap. as we do every day at this time take a look at oil. oil is higher. we asked over 3,000 doctors to review 5-hour energy and what they said is amazing. over 73 percent who reviewed 5-hour energy said the
mitt romney or obama? which one wins? >> i am going with obama but just by a hair but it is changing. dennis: thanks for being with us. cheryl: the president's speech blew up on twitter. 53,000 tweets in one minute. twitter tells us that is a record for a political event but that is not all. that democratic convention overall in its final day as the republicans did over the course of three days. stuart: dennis: simple your demographics. if you look at the ratings the democrats have twice...
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Sep 27, 2012
09/12
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and i don't quite understand why romney isn't going directly at obama's economic record, while obama has been president. connell: because in that part of the world, in ohio, and particularly where they were both yesterday. they are going to be in virginia today. but they were both in ohio yesterday, and obama is leading big there if you believe the latest polls. yesterday there was an argument that hey some of the democrats are being more sampled in some of these polls. what do you think about that? >> if a poll in ohio says that obama is ahead by 8 or 10 points, i think that undoubtedly means that romney is behind in ohio, whatever the percentage. connell: maybe just a few points -- >> right. if there's a silver lining there, it is my sense if these people who say they will vote for obama do not feel strongly about it. i think there's still a lot of anxiety about where we are, and they are open to an argument from mitt romney about why obama's stewardship of the economy has been wrong for the country, but it hasn't quite been made yet. dagen: what is the one thing that mitt romney n
and i don't quite understand why romney isn't going directly at obama's economic record, while obama has been president. connell: because in that part of the world, in ohio, and particularly where they were both yesterday. they are going to be in virginia today. but they were both in ohio yesterday, and obama is leading big there if you believe the latest polls. yesterday there was an argument that hey some of the democrats are being more sampled in some of these polls. what do you think about...
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Sep 21, 2012
09/12
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president obama says they don't pay their fair share. tell me instead of 40% of federal income tax the top 1% pace what is the fair share? what percentage should it be? >> 40% is roughly fair because 40% of all the income gains we had in the economy over the course of the last 30 years have gone to the first -- they have not paid disproportionately high percentage of the burden. [talking over each other] >> factor in some much in tax expenditures that disproportionately accrue to the wealthy, they are not paying their fair share. a situation where 80% of all tax expenditures go to the top 20%. [talking over each other] dennis: thank you very much. good weekend. cheryl: members of congress on leaving washington. serious issues are facing our country most relating to the living fiscal cliff. peter barnes joins us from washington with more on this story. >> the house is finishing up, of the campaign for reelection. the senate working today and over the weekend, to keep the government funded and operating until six months where the legislati
president obama says they don't pay their fair share. tell me instead of 40% of federal income tax the top 1% pace what is the fair share? what percentage should it be? >> 40% is roughly fair because 40% of all the income gains we had in the economy over the course of the last 30 years have gone to the first -- they have not paid disproportionately high percentage of the burden. [talking over each other] >> factor in some much in tax expenditures that disproportionately accrue to...
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Sep 10, 2012
09/12
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melissa: yes. >> obama's good basketball buddy. he hasn't been heard of. i'm thinking right now would be a great time, i'm just saying, maybe a few days, inconvenience a lot of, you know, a lot of tension and angry people. and in comes arne duncan at the behest of the united states and interseeds chicago political conflict. posing as economics. and resolves this whole thing. now this would be one way not to waste a crisis, don't you think. melissa: interesting? lori: what i wonder, right, so you've got this ripple effect. lost worker productivity. all of these kids. >> there is no productivity. talking about a school, for crying out loud there only five 1/2 hours. these kids are shortchanged it is ridiculous. lori: karnts not able to go to work. melissa: e-mail said arrange alternate care. if you're working parent, it is a nightmare. >> how much are you able to accept increase in teacher pay over next four years. 15%, 16%, 20%? what is the number? then you also have the added benefit of finding out where in the hell has arne duncan really been? lori: well,
melissa: yes. >> obama's good basketball buddy. he hasn't been heard of. i'm thinking right now would be a great time, i'm just saying, maybe a few days, inconvenience a lot of, you know, a lot of tension and angry people. and in comes arne duncan at the behest of the united states and interseeds chicago political conflict. posing as economics. and resolves this whole thing. now this would be one way not to waste a crisis, don't you think. melissa: interesting? lori: what i wonder, right,...
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Sep 13, 2012
09/12
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that the fed has been accused of monetizing obama's deficits. well this is a way to get around that. you buy mortgages. you don't buy treasurys. when their day is over though, they're still putting more liquidity into the banking system. when the day's over they're buying an asset and when they buy an asset like treasurys or mortgages that will help other asset prices and ultimately that is one of the major connections between monetary policy and the economy is improved asset prices, including an improvement in the stock market. ashley: bob, let me pick up on that. yes we're putting liquidity certainly into the banking system but the banks are not parting this on, are they? are you surprised that the fed hasn't taken a step of perhaps charging banks for parking cash with them overnight and in an effort to push the money back out to get the economy going? >> i was quite surprised. when i wrote my note to the producer that is one of the things i was hoping to see. if you give banks incentive to actually make loans to people that would be, a huge p
that the fed has been accused of monetizing obama's deficits. well this is a way to get around that. you buy mortgages. you don't buy treasurys. when their day is over though, they're still putting more liquidity into the banking system. when the day's over they're buying an asset and when they buy an asset like treasurys or mortgages that will help other asset prices and ultimately that is one of the major connections between monetary policy and the economy is improved asset prices, including...
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Sep 26, 2012
09/12
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you look at the polls, there's a big lead for president obama in at least one of the polls. but again high unemployment, are you surprised the polls have swung as much as they have in these key swing states to president obama this year? >> i'm surprised by anything that happens in politics especially presidential politics. i have been saying from a year now, if on election day people go in the voting booth and say this is a choice between president obama and the republican candidate, then the president will probably win. if people go into to the polls on election day and say this is a referendum on the last four years, then president obama would probably lose. what's happened over the last several months is more and more people are being to question the credentials of romney and therefore it turns into a choice and i think in that case the president is doing very well. i never expected to see a poll in this election that says the president is able to handle the economy than the republican challenger. that's what we've got. that looks very good for the president. it's not ove
you look at the polls, there's a big lead for president obama in at least one of the polls. but again high unemployment, are you surprised the polls have swung as much as they have in these key swing states to president obama this year? >> i'm surprised by anything that happens in politics especially presidential politics. i have been saying from a year now, if on election day people go in the voting booth and say this is a choice between president obama and the republican candidate, then...
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Sep 25, 2012
09/12
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melissa: president obama taking center stage at the united nations saying we face a choice between the promise of the future or prisons of the past. more from his speech after the break. lori: we were talking about investment grade corporate ideas for you. let's check treasurys today. the ten year yield at 1.70%. and the third year, buying treasurys today is unchanged at 2.89%. back with more after this. >> i'm cheryl casone with your fox business brief. british bankers association will move away from supervisory role of libor if necessary. bba says it will support the recommendations for managing director of financial services authority martin wheatley, who is expected to unveil a new regulatory libor structure sometime this week. >>> tesla shares down sharply after slashing their 2012 revenue forecast. the electric carmaker cited slower than expected rollout of hits model s sedan. tesla adding some suppliers experienced delays in meeting its demand. >>> barnes & noble taking steps into the streaming business. they are launching nook video. they say the service will be available this
melissa: president obama taking center stage at the united nations saying we face a choice between the promise of the future or prisons of the past. more from his speech after the break. lori: we were talking about investment grade corporate ideas for you. let's check treasurys today. the ten year yield at 1.70%. and the third year, buying treasurys today is unchanged at 2.89%. back with more after this. >> i'm cheryl casone with your fox business brief. british bankers association will...